Question 16 (1 point) Which one of the following statements shown below about strategy is true? According to Michael Porter, the cost leadership strategy results in exceptionally high-quality products at the lowest cost in the industry. The recent problems with META (formerly Face Book) proves that social media is too unpredictable and has no place in successful organizational strategy formulation. a According to Michael Porter, a company using a focus strategy seeks to offer a unique product to a broad target market by focusing on a specific product attribute such as exceptionally high quality or extraordinary service. hy According to Michael Porter, a company that competes by offering unique products that are widely valued by customers is following a differentiation strategy Since Internet technology is now so universally accessible, it can no longer contribute to the development of a sustainable competitive advantage for any particular organization